Trendlyne Analysis Broker Research reports

The total number of passengers carried by domestic airlines increased by 4.7% YoY in January 2024 to 131.3 lakh. Total departures by scheduled carriers declined by 4.6% YoY to 84,491.

Automobile wholesales of listed companies rose 16.6% YoY to 13.7 lakh units in February. Exports were up 35.4% YoY to 2.7 lakh units. Domestic two-wheeler wholesales of listed companies increased 20.6% YoY to 9.5 lakh units, and passenger vehicles rose 15.1% YoY to 2.5 lakh units.

The ‘fastest growing economy’ label that India currently carries got a boost as the country’s GDP grew 8.4% YoY in the December quarter. This growth was fuelled by higher domestic consumption, with a boom in the auto and real estate sectors. However, much of this consumption has been driven by debt.

India's total wireless subscriber base saw an increase of 43.2 lakh subscribers MoM on a net basis, reaching 115.9 crore in December.

Reliance Jio and Bharti Airtel experienced subscriber gains, while Vodafone Idea and BSNL continued to lose subscribers YoY.

Most steel manufacturing firms reported a capacity utilisation of 95% and above for Q3FY24, with sales volume exceeding 85% of capacity for many. The combination of high utilisation levels and increased consumption has led several manufacturers to invest in capex to expand production.

The values of loans, deposits, and CASA improved for most listed banks during Q3FY24, reaching their highest in the past five quarters. HDFC Bank remains at the top in bank operations.

As people get richer, one of the big purchases they eye is a car. And usually the larger, the better. So as India’s GDP growth accelerates, the Indian automotive industry is expected to help the country leap from the fifth to the third-largest economy.

The automobile industry's overall retail sales rose by 15% YoY in January 2024 to 21.3 lakh units. Two-wheeler retail sales were up 15% YoY to around 14.6 lakh units, while car retail sales increased by 13.3% YoY to 3.9 lakh units. All segments of the industry observed a YoY rise during this period.

In January 2024, both the Consumer Price Index (CPI) inflation and the Wholesale Price Index (WPI) inflation fell. The Purchasing Managers' Index (PMI) indicates growth compared to the previous month. Industrial production rose YoY in December 2023.

The unemployment rate fell for the third consecutive month in January 2024. Foreign Institutional Investment (FII) outflows surged, and mutual funds recorded outflows. Crude oil prices rose, while consumption fell marginally. India's trade deficit narrowed sharply YoY.

Private insurers sold 7.6 lakh policies in January 2024, while LIC sold 20.3 lakh schemes. The first-year premium of private insurers grew by 31.6% YoY to Rs 14,639 crore in the same period. While LIC's premium rose YoY to Rs 18,920.8 crore, its market share fell by 150 bps YoY.